It almost sounds too good to be true but it is real! As a
matter of fact its not just one house. At todays super low
interest rates the principle and interest payment on an FHA loan of
$100,000 is about $480 per month. Add
in a reasonable amount for taxes and insurance and that gives you a
payment range of about $650-750 per month!

In almost every case that is cheaper than rent but don't fall in to a
financial trap just because of that. There are of course
others costs and responsibilities that go with home ownership.
Still, if you are renting and thinking of buying it is a
great to to make that move.

The home needs to be in good condition and basic basic qualifications for FHA loans are a steady and verifiable income.
Your total debt including the house payment can be about1/3
of your gross income. So for that $100,000 loan you need to amke about
$2250 per month before taxes. Thats about $27,000 per year if
you have no other debt payments. You also need to have
modestly good credit with a score of 640 or better.

The required down payment for FHA is only 3.5%. On a $100,000
home that is only $3500!

Below are the current listings right here in Cobb County Ga for homes
priced from $95,000 to $105,000. As you can see there are
hundreds to choose from!